Red Rock Bank

100 S Main St
Sanborn, MN 56083

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1386
Date Established 1901
Assets $0.04 billion
Loans $0.02 billion
Deposits $0.03 billion
Capital $0.00 billion

Red Rock Bank is an FDIC insured institution located in Sanborn, MN. It was founded in 1901 and has approximately $0.04 billion in assets.

For a more detailed analysis of Red Rock Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 14, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.45% $2,500 $24,999 Learn MoreShow Less
Money Market
0.50% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.00% $2,500 - Learn MoreShow Less
6 Mo CD
1.15% $1,000 - Learn MoreShow Less
12 Mo CD
1.30% $500 - Learn MoreShow Less
18 Mo CD
1.30% $500 - Learn MoreShow Less
24 Mo CD
1.46% $500 - Learn MoreShow Less
30 Mo CD
1.46% $500 - Learn MoreShow Less
36 Mo CD
1.81% $500 - Learn MoreShow Less
60 Mo CD
2.01% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.30% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $500 - Learn MoreShow Less

Loan Rates - October 14, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Red Rock Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.634% 3.625% 0.13 $265 $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to Red Rock Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Red Rock Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Red Rock Bank Locations


Financial Details

Red Rock Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Red Rock Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Red Rock Bank U.S. Bank Average
1.45% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, Red Rock Bank had $68,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,407,000 in equity and $275,000 in loans loss reserves. That gives it a Texas Ratio of 1.45%.

Return on Equity
Red Rock Bank U.S. Bank Average
11.33% 9.50%

Red Rock Bank has a Return on Equity of 11.33% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Red Rock Bank U.S. Bank Average
11.4% 12.76%

Red Rock Bank has a Capitalization of 11.4% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Red Rock Bank Balance Sheet Analysis

As of June 30, 2019, Red Rock Bank had assets of $38,654,000, loans of $23,305,000, and deposits of $30,150,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.02 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.03 billion
LIABILITIES
Total deposits $0.03 billion
      Interest-bearing deposits $0.02 billion
      Deposits held in domestic offices $0.03 billion
      % insured (estimated) 94.20%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.03 billion
      Shareholders’ Equity $0.00 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Red Rock Bank’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks, Red Rock Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 22.54
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.47
Small Business Loans 11.55
Construction and Development Loans 0.00
Commercial Real Estate 11.55
Commercial and Industrial Loans 17.36
Farm Loans 19.63

Frequently Asked Questions About Red Rock Bank

Branches and Savings

Is Red Rock Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1386.

Why does Red Rock Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Red Rock Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Red Rock Bank a commercial bank?

Yes

Where are Red Rock Bank locations?

See branch locations nearby.

Is Red Rock Bank open on Saturdays?

Is Red Rock Bank open on Sundays?

What time does Red Rock Bank open?

What time does Red Rock Bank close?

Are Red Rock Bank ATMs Open 24/7?

Do Red Rock Bank ATMs accept cash deposits?

Can Red Rock Bank customers use other ATMs?

Do Red Rock Bank branches have notaries?

Will Red Rock Bank notarize my document?

What address for Red Rock Bank should I put for incoming ACH transfers?

Will the Red Rock Bank branch print checks?

Do Red Rock Bank checks expire?

Does Red Rock Bank require US citizenship to open account?

Can Red Rock Bank close my account?

Does Red Rock Bank Report to credit bureaus?

Does Red Rock Bank Use Equifax?

What is Red Rock Bank's ACH Routing Number?

What is Red Rock Bank's SWIFT code?

Products

Does Red Rock Bank offer mortgages?

Compare mortgage rates here.

Does Red Rock Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Red Rock Bank offer personal loans?

Compare personal loan rates here.

Does Red Rock Bank offer student loans?

Will Red Rock Bank cash a check?

Will Red Rock Bank redeem a savings bond?

Does Red Rock Bank cash savings bonds?

Will Red Rock Bank cash money orders?

Can Red Rock Bank issue a money order?

Does Red Rock Bank do currency exchange?

Background on The Bank

Who owns Red Rock Bank?

How long has Red Rock Bank been around?

Can Red Rock Bank transfer to other banks?

Does Red Rock Bank have quick pay?

Does Red Rock Bank accept rolled coins?

Will Red Rock Bank accept loose change?

Where is Red Rock Bank headquarters?

Customer Reviews for Red Rock Bank

There are currently no comments for Red Rock Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →